ISD
PGIM High Yield Bond FundISD
ISD
About: PGIM High Yield Fund Inc is a diversified, closed-end management investment company, active in the financial services domain. The Fund's investment objective is to provide a high level of current income. It invests at least 80% of its investable assets in a diversified portfolio of high-yield fixed-income instruments that are rated below investment grade with varying maturities and other investments.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 71 [Q2] → 70 (-1) [Q3]
6.7% less ownership
Funds ownership: 35.05% [Q2] → 28.35% (-6.7%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 24
15% less capital invested
Capital invested by funds: $150M [Q2] → $128M (-$22M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for ISD.
Financial journalist opinion
Neutral
Business Wire
3 weeks ago
PGIM Closed-End Funds Declare Distributions for December 2024, January, and February 2025
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for December 2024, and January and February 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund,.
Neutral
Seeking Alpha
2 months ago
ISD: A Lifecycle Progression To A Sell (Rating Downgrade)
PGIM High Yield Bond Fund is downgraded to 'Sell' due to tight NAV discount, low true yield, and high ROC utilization. The fund's 9% distribution is misleading, with an actual yield of around 6.3% due to high ROC and floating rate leverage costs. U.S. high yield spreads are at decade lows, making the risk-reward profile unattractive for ISD compared to unleveraged alternatives.
Neutral
Business Wire
3 months ago
PGIM Closed-End Funds Declare Distributions for September, October and November 2024
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for September, October and November 2024. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – P.
Positive
Seeking Alpha
5 months ago
ISD: Steady As It Goes
ISD fund continues to deliver steady performance with long-term above-average returns. However, I remain concerned about the fund's distribution, currently set at 9.2% of NAV, compared to long-term fund returns. Furthermore, a yawning gap between credit defaults and credit spreads suggests investors are not being compensated for elevated credit risks.
Neutral
Business Wire
6 months ago
PGIM Closed End Funds Declare Distributions for June, July and August 2024
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for June, July and August 2024. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short.
Positive
24/7 Wall Street
7 months ago
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Negative
Seeking Alpha
9 months ago
ISD: Not An Attractive Entry Point At This Level (Rating Downgrade)
Credit spreads have tightened significantly, reaching historic lows, indicating a risk-on market and potentially inadequate compensation for credit risk. The discount to NAV for the PGIM High Yield Bond Fund has narrowed, approaching decade-long highs, suggesting a less attractive entry point. Despite the less appealing entry point, the fund has performed well and represents a solid choice to hold due to its high dividend distribution and successful management team.
Neutral
Business Wire
9 months ago
PGIM Closed End Funds declare distributions for March, April, and May 2024
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for March, April, and May 2024. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short.
Neutral
Business Wire
1 year ago
PGIM Closed-End Funds declare distributions for December 2023, January and February 2024
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for December 2023, and January and February 2024. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.
Neutral
Seeking Alpha
1 year ago
ISD: Diversified Junk Bond Fund, But Distribution Does Not Appear Sustainable
The PGIM High Yield Bond Fund, Inc. seeks to provide a high current income by investing in junk bonds with a yield of 10.81%. The ISD closed-end fund's total return of 5.82% this year is lower than the Bloomberg High Yield Very Liquid Index and the S&P 500 Index. The fund does not completely ignore investment-grade securities, although it is mostly in high-quality junk debt.
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